B.C. Pays all direct debt, 1959. Direct debt today(1998) under the B.C. government is about $19,000,000,000! Total debt has risen $10,000,000,000 to $30,000,000,000+ in 7 years! W.A.C. boasted he took B.C. from being Canada's #1 have not province to be Canada's #1 have province. He passed 20 balanced budgets. Last year B.C. had the lowest economic growth of all the provinces in Canada. Also B.C's credit rating was down graded both in 1998 and now in 1999 to AA unstable. And if the same rules were used as in the Bennett years we would have a one billion dollar deficit this year.
W.A.C. Bennett started the Bank of B.C. in 1964. In 1989 the Hong Kong Bank took over. In 1998 the HK bank expressed interest to leave B.C. because of the poor business climate. They were persuaded to stay.